07-B 1st & Kaufman Prop Awd - Laserfiche WebLink

Home Browse Search

12. Resolution by the City Council; provided, however, that should the current or new zoning for such property be unsuitable to PURCHASER at such time as the zoning classification shall exist thirty (30) days following the date of award by the City Council, then PURCHASER may provide notice of termination and terminate this Agreement and receive full reimbursement of any and all deposits made hereunder. Should PURCHASER fail to object to the zoning for said property as specified herein in a timely manner, then PURCHASER shall accept the property subject to the then current zoning as specified herein, and any future revisions of the zoning for said property shall be the sole responsibility of PURCHASER. The sale of this property shall be subject to a fee simple determinable condition, requiring PURCHASER to substantially complete a remodeling of the interior and exterior of the building structure, such remodeling to begin no later than six (6) months following transfer of title and to be completed no later than eighteen (18) months after such remodeling begins. F or purposes of ascertaining the start date for such remodeling, the date of issuance of a building permit by the City of Paris for such remodeling shall be determinative. If this fee simple determinable condition is not satisfied, as provided herein, the property will automatically revert to and be owned by PURCHASER without the necessity for any further act on the part of the PURCHASER, it being SELLER's intent to convey a determinable estate to PURCHASER. Should PURCHASER satisfy this fee simple determinable condition, on a timely basis, SELLER shall execute an affidavit stating that the condition has been fulfilled, and PURCHASER may file said affidavit as PURCHASER deems appropriate. Before any such remodeling begins, PURCHASER must not only comply with the building codes of the City of Paris, but must obtain all necessary permits from the city of Paris, including but not limited to, building permits and a Certificate of Appropriateness from the Historic Preservation Commission of the City of Paris. The provisions of this section regarding the property will be included in the deed with appropriate modification of terms as the context requires. 13. The following additional provisions apply to this Agreement: A. This Agreement shall be governed by the Laws of the State of Texas, and venue for any actions under this Agreement shall lie exclusively in the Courts of Lamar County, Texas. If any provision of this Agreement is determined to be illegal, invalid or unenforceable, such determination shall not affect the legality, validity, and enforceability of the remaining provisions of this Agreement. B. This Agreement shall be binding upon the parties' executors, personal representatives, legatees and heirs. C. Notices, demands or other communications hereunder shall be in writing and delivered in person or via telecopy, overnight delivery service or certified mail, return receipt requested, to the addresses listed in this Agreement. Page 5 of 8